The Board of Directors of Telefonaktiebolaget LM Ericsson has decided to propose the Annual General Meeting 2002 to authorize Telefonaktiebolaget..
..LM Ericsson to transfer own stock of Class BThe Annual General Meeting in 2001 resolved to approve transfer of own stock in relation to the introduction of a Global Stock Incentive Program. The Resolution comprised i.a. authorization for the Company to transfer a maximum of 31,000,000 shares of Class B to cover certain costs, mainly social security charges that may occur in relation to the Program. According to the resolution by the Annual General Meeting, any transfer should take place prior to the Annual General Meeting in 2002. No such transfer has been made. Therefore, the Board of